SHA:688295 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	-	963.94	1,947	807.01	320.4
Trading Asset Securities	-	791.47	300.17	1,493	-
Cash & Short-Term Investments	1,035	1,755	2,247	2,300	320.4
Cash Growth	-41.05%	-21.87%	-2.31%	617.87%	116.16%
Accounts Receivable	-	547.7	837.03	117.59	18.88
Other Receivables	-	1.45	2.36	5.28	-
Receivables	-	549.15	839.38	122.87	19.38
Inventory	-	564.9	464.35	297.72	153.55
Other Current Assets	-	86.21	53.72	89.46	199.4
Total Current Assets	-	2,956	3,604	2,810	692.72
Property, Plant & Equipment	-	5,170	5,002	4,046	2,696
Other Intangible Assets	-	424.89	410.11	184.87	189.53
Long-Term Deferred Tax Assets	-	155.57	82.02	24.42	-
Long-Term Deferred Charges	-	24.85	47.22	37.97	17.53
Other Long-Term Assets	-	626.69	390.29	143.98	128.66
Total Assets	-	9,357	9,536	7,247	3,724
Accounts Payable	-	835.16	931.39	881.36	539.13
Accrued Expenses	-	77.51	121.74	45.51	30.27
Short-Term Debt	-	156.17	288.02	253.38	575.77
Current Portion of Long-Term Debt	-	157.99	237.66	21.08	1.14
Current Portion of Leases	-	3.56	3.3	2.34	-
Current Income Taxes Payable	-	27.21	27.65	26.05	12.54
Current Unearned Revenue	-	32.4	22.34	22.69	50.62
Other Current Liabilities	-	437.74	469.11	43.08	29.43
Total Current Liabilities	-	1,728	2,101	1,295	1,239
Long-Term Debt	-	2,020	1,765	998.88	1,059
Long-Term Leases	-	4.15	5.19	7.61	-
Long-Term Unearned Revenue	-	978.3	819.37	327.85	191.08
Long-Term Deferred Tax Liabilities	-	2.03	0.04	0.46	-
Total Liabilities	-	4,732	4,691	2,630	2,489
Common Stock	-	900	900	900	800
Additional Paid-In Capital	-	2,727	2,727	2,727	50.69
Retained Earnings	-	997.91	1,218	989.71	384.63
Shareholders' Equity	4,690	4,625	4,845	4,617	1,235
Total Liabilities & Equity	-	9,357	9,536	7,247	3,724
Total Debt	2,204	2,342	2,300	1,283	1,636
Net Cash (Debt)	-1,169	-586.33	-52.62	1,017	-1,315
Net Cash Per Share	-1.33	-0.66	-0.06	1.16	-1.65
Filing Date Shares Outstanding	900	900	900	900	900
Total Common Shares Outstanding	900	900	900	900	800
Working Capital	-	1,228	1,503	1,515	-546.18
Book Value Per Share	5.21	5.14	5.38	5.13	1.54
Tangible Book Value	4,298	4,200	4,435	4,432	1,046
Tangible Book Value Per Share	4.78	4.67	4.93	4.92	1.31
Buildings	-	1,734	1,706	1,120	990
Machinery	-	3,838	3,537	2,121	1,598
Construction In Progress	-	639.05	526.84	1,358	566.27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.